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FINANCIAL NEWS
Elect Ministry owes USD 148mn for work on plants in Egypt
24 Apr 2016
(MENAFN) General Electric Co. (GE) asked the Elect Ministry to pay USD 148mn in return for the overhauls and upkeep the firm operations on production plants.
Moreover, the firm conducted a major, regular and simple overhaul, which is decided on according to the condition of the production unit and the turbine.
Additionally, overhauling electricity production units grows their efficiency and technical condition; oil, grease, piped and cables are changed in the units.
On the other hand, the ministry developed a plant to apply replacement, renovation and maintenance operations for the plants to save fuel and raise their efficiency.
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